Above Investing

According to WikiFX data, Above Investing holds a core score of 1.37 out of 10, reflecting the absence of any verified regulatory license. The broker is registered in the United Kingdom but operates without oversight from a major financial authority, meaning there are no external dispute resolution mechanisms or investor protection schemes in place. This creates a high-risk profile for traders.

No, Above Investing is not regulated by any recognized financial regulator. Its license list shows no valid forex or trading licenses, and the broker's regulatory status is classified as 'Not Regulated' by WikiFX. Traders should exercise extreme caution when dealing with unregulated entities.

Above Investing offers three account tiers with different minimum deposits: the BASIC account requires a minimum deposit of $250, the ADVANCED account requires $15,000, and the VIP account requires $50,000. The lowest entry point is $250 for the BASIC account.

The trading platforms supported by Above Investing are not publicly disclosed in the available information. WikiFX assessment indicates that specific platform details are not listed, so traders should verify directly with the broker whether MT4 or MT5 is offered.

Pro: The broker supports scalping, hedging, and Expert Advisors (EAs) across all account types. Cons: 1) Above Investing holds no valid regulatory license, leaving traders without financial safeguards. 2) The minimum deposit for the ADVANCED and VIP accounts is very high ($15,000 and $50,000 respectively), limiting accessibility. 3) Leverage is only specified for the VIP account (1:100); the leverage for BASIC and ADVANCED accounts is not disclosed, creating uncertainty about risk exposure.

Based on WikiFX data, no significant user complaints have been reported for Above Investing. However, the absence of complaints does not indicate broker reliability, especially given the lack of regulatory oversight.

Above Investing is registered in the United Kingdom and does not hold any US regulatory licenses (such as from the SEC or CFTC). Therefore, it is highly unlikely to be available to US residents, as offering services to US clients without proper registration would violate US securities laws.

The BASIC account has a low minimum deposit of $250, which may seem beginner-friendly. However, the lack of regulatory oversight, undisclosed leverage for the BASIC account, and no mention of a demo account or educational resources make it a high-risk choice for inexperienced traders. Beginners are generally advised to choose brokers regulated by authorities like the FCA or CySEC, which offer investor protection and transparent trading conditions.

Above Investing offers three account types: BASIC (minimum deposit $250, min cash 0.01 lots, leverage not specified), ADVANCED (minimum deposit $15,000, min cash 0.01 lots, leverage not specified), and VIP (minimum deposit $50,000, min cash 0.1 lots, leverage 1:100). All accounts support scalping, hedging, and Expert Advisors, but none offer Islamic accounts. The VIP account is the only one with disclosed leverage and a higher minimum lot size.

Leverage is only explicitly stated for the VIP account at 1:100. The BASIC and ADVANCED accounts have no leverage details provided, which is a significant gap in risk disclosure. Leverage of 1:100 can amplify both profits and losses, and without clear information on other accounts, traders cannot accurately assess their risk exposure. The absence of negative balance protection or other risk controls further increases the risk profile.

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.